Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1887-06-26

thirty minutes, and n few seconds after
that time it was passed over the paying
t~eller's desk, and Mr.. Russell was relieved
Of his suspense.
THK CROOKED STATEMENT.
The affairs of the bank, so far as ascer-
tanned by the examination Of the books
now in progress, shows that the country
banks didn't get out before the crash came
but in fact got in deeper. The
statement made to the Comp
troller OF the condition Of the
bank at the close of business May 18th
showed amounts due to country banks ag-
~gregating So, O91, 741; while the books now
show that they are creditors to the ex-
tent of about So, $4,000. 1t was among
the individual depOsitors, however, where
was exhibited the parallel of ras leaving a
sinking ship. According to the statement
mentioned above individual deposits at
that time amounted to $2,3S7,647, but
now the books show them to be something
less than 81, 000, 900. 1t was believed,
however, that in that s., 3S7, CAT was in
eluded the 81, $50, 900 supposed to be paid
in to increase the capital stock from
81. 600, 900 to 1000, 900, and so far as
Harper's subscription was concerned 1t
was represented only by memorandum
tickets and not by actual cash. The cash
that was paid in by stockholders has ap-
parently disappeared, and it looks now as
if they can't come in and make claim as
depositors of the money 50 paid in.
NO BUSINESS SENSE.
Comptroller Trenholm is very decided in
his comments upon Harper and his meth
DDS. He says:
Mr.. Harper was not a good business man.
His business training has evidently not
been good, and he could not get down to
details and make a study of expenses. He
had no idea whatever Of economy. l do
not think Harper ever realised his true
position, and that he Overestimated what
ever fortune he had. / do not believe he
really knew what he was worth. In my
talk with him he did not converse like a
business man. He talked likes man much
younger than he really is. His statement
of the name in which he gave the money
to Wiltshire was not made like a BUSINESS
man would make it. He had no realiza-
ton of his responsibility. / doubt whether
he thought of it at all. He knew that he
had abOnt So, $50, 600 in the bank, and
thought his were practically un-
limited. He probably never entertained a
thought that it was possible to break
him."
''There is a rumor that o large sum OF
money was stolen from the bank Monuay?"
That is quite possible. There was no
system whatever. If any n wanted to
steal money all he had to do was to take
it. There was no discipline about the
bank whatever. Clerks were mixed up
with one another, going from place to
place in their shirt-sleeves, laughing, talk
ing and smoking cigarettes. Everybody
did as he pleased. There was no head.
Even had there been a disposition to con-
duct the bank honestly l doubt whether
it could have succeeded with such loose
management. 1t was not run on business
principles, but doomed as circus or some
venture of that kind would be-"
BUILDING ASSOCIATIONS DOOMED.
One feature of the failure is the sudden
and remarkable increase in deposits with
building associations this week, some Of
them receiving as high as S., OOOlast night.
The price of real estate has also stiffened.